Motherson Sumi Wiring CFO On Q1 Results, Automotive Megatrends & The Electrification Theme

Motherson Sumi Wiring Posts Steady Q1. Margin Impacted By Startup Costs & Higher Raw Material Prices

Motherson Sumi Wiring India standalone net profit rises 20.90% in the June 2024 quarter

Upcoming results: Oil and Natural Gas Corporation(ONGC), Bharti Airtel, Marico, BEML, Bharti Hexacom, Avanti Feeds, BLS International, Motherson Sumi Wiring India, Brigade Enterprises, Century Plyboards, Deepak Nitrite, Devani International, Gujarat State Fertilizers and Chemicals (GSFC), H.G. Infra Engineering, Honeywell Automation, Orient Cement, Sandhur Maganese and Iron Ores, Schneider Electric Infrastructure, Syrma SGS Technology, Tata Chemicals, Triveni Turbine, V-Mart Retail, VRL Logistics.

Stock Alert: Britannia Inds, Titan Company, Divis Lab, State Bank of India, Delhivery, Sheela Foam

Motherson Sumi Wiring India (MSWIL) said that CRISIL Ratings has reaffirmed its ratings on the bank loan facilities of the company at ‘CRISIL AA+/Stable/CRISIL A1+’.

CRISIL reaffirms ratings of Motherson Sumi Wiring with ‘stable’ outlook

Net profit of the Noida-based auto components firm soared 58.1% year-on-year to Rs 167.90 crore on the back of revenue that rose 25.5% to Rs 2,117.3 crore.

Motherson Sumi Q3 Results: Revenue Jumps 25%, Ebitda Up 46% To Highest Ever

Motherson Sumi Wiring India Ltd.’s share price went down by 1.85 per cent after the company reported a 2.2 per cent decrease in profit for the quarter that ended June 30th, 2023

Motherson’s shares dip on quarterly results

Richest Indian: Prior to leaving the day-to-day administration of the company in 1995, Vivek Chaand Sehgal held the post of managing director. He has served as the group’s chairman ever since. Laksh Vaaman Sehgal, his son, serves as a director on the boards of Motherson Sumi Wiring India and Samvard…

Richest Indian In Australia: How ‘Presence Of Mind’ Changed Fortunes Of A Billionaire - Company Founded With Late Mother Is Now Worth Rs 86,000 Crore

Stocks to watch: Shares of firms like Vedanta, Motherson Sumi, LIC, Vadilal, Nazara Tech, JSW Steel, and others will be in focus on Tuesday’s trade.

Stocks to Watch: Vedanta, Motherson Sumi, LIC, Vadilal, Nazara Tech, and Others - News18

Motherson Sumi’s profit rose to 1.38 billion rupees ($16.9 million) in the fourth quarter ended March 31, from 464.2 million rupees, a year earlier

Motherson Sumi Wiring reports nearly three-fold surge in Q4 profit

Samvardhana Motherson shares: Given the Japanese company’s remaining stake in SAMIL and 25.34 per cent stake in Motherson Sumi Wiring India, investors will keep an eye on the continued participation of the joint venture partner

Further paring of stake will remain an overhang for Samvardhan Motherson

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Samvardhana Motherson International Limited, formerly Motherson Sumi Systems Limited, is engaged in manufacturing components for the automotive and transport industries.